PUMP · Convergence Trade
Current Spread (mark)
⚠ data may be stale · 3m old+0.113%higher than 77% of spread values(window 1D)
long $0.003292 · short $0.003295(long 2m / short 3m old)
Entry Spread (order book)+0.017%on $10,000
long $0.003293 · short $0.003294(average execution prices, not mark)
market median $0.003298· long -0.2%· short -0.1%
Size per leg$= $20,000 total
every figure below scales from thisProfit Calculator
This spread does not cover its own costs
The spread is 0.11%, but entry and exit cost 0.30% of the position. The trade is a loss at entry regardless of how the spread moves afterwards. Reduce the size, or pick another pair.
Three scenarios: the current spread 0.11% compresses to the target (0% = full convergence). Sized at $10,000 per leg.
| If spread converges to↓ target spread | 0% | 0.50% | 1.00% |
|---|---|---|---|
| Gross profit | +$11.25 | -$38.75 | -$88.75 |
| Round-trip fees | −$15.00 | −$15.00 | −$15.00 |
| Slippage(orderbook) | −$15.14 | −$15.14 | −$15.14 |
| Funding drag(est. 1h hold) | +$0.50 | +$0.50 | +$0.50 |
| Net potential | -$18.39 | -$68.39 | -$118.39 |
Breakeven move 0.2964%·Tradeability: 0.4× round-trip cost · do not trade — spread below breakeven
⏱ Hold time (estimated from history)
The current spread is already near its typical level (median 0.11%) — most of the convergence has happened, little potential left.
Estimate of historical spread behavior — not a guarantee of the future.
Spread Statistics
Window: 24h · 277 samples
Current
+0.113%
77 pct
Median
-0.007%
Average
-0.003%
P25 → P75
-0.117% … +0.097%
Range
-1.268% … +1.243%
Std dev
±0.245%
tf
LONG
Backpack(cex)
Backpack(cex)- Mark Price
- $0.003292
- Exchange Ticker
- PUMP_USDC_PERP
- Taker / Maker
- 0.05% / 0.02%
- Funding APR(1h)
- -32.11%
- OI
- $745.86K
- 24h Vol
- $344.47K
SHORT
Extended(dex)
Extended(dex)- Mark Price
- $0.003295
- Exchange Ticker
- PUMP-USD
- Taker / Maker
- 0.025% / 0%
- Funding APR(1h)
- +11.40%
- OI
- $1.29M
- 24h Vol
- $1.54M
245 long / 250 short samples · 2 days · auto-refresh every 30s